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WHITE ROCK INS. CO. PCC LTD. v. LLOYD'S SYNDICATE 4242

Index No. 652867/20. Appeal No. 15309-15309A. Case No. 2021-02362. 2021-03222.

202 A.D.3d 563 (2022)

163 N.Y.S.3d 505

2022 NY Slip Op 00993

White Rock Insurance Company PCC Limited, in Respect of Cells SWR1 012, SWR2 012, Appellant, v. Lloyd's Syndicate 4242, Respondent.

Appellate Division of the Supreme Court of New York, First Department.

Decided February 15, 2022.

Attorney(s) appearing for the Case

Willkie Farr & Gallagher LLP, New York ( Richard Mancino of counsel), for appellant.

Norton Rose Fulbright US LLP, New York ( John F. Finnegan of Counsel), for respondent.

Concur—Kern, J.P., Oing, Singh, Moulton, González, JJ.

In 2017, plaintiff, as reinsurer, and defendant, as reinsured, entered into a reinsurance contract under which plaintiff agreed to provide reinsurance to defendant for one year. At the same time, the parties entered into a trust agreement governing a trust account; the trust account secured plaintiff's obligations as part of the reinsurance program. The reinsurance contract had an arbitration provision for disputes "arising under...

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